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The Internet of Things (IoT) in Healthcare Market is segmented by Component (Medical Devices, Systems & Software, Services), Application (Telemedicine, Inpatient Monitoring, Medication Management), End User, and Geography.
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
11.6 %
The Internet of Things (IoT) in Healthcare market was valued at USD 46.44 billion in 2020 and is expected to reach USD 89.6 billion by 2026, at a CAGR of 11.6% over the forecast period 2021 - 2026. The IoT market is majorly driven by the growing adoption of healthcare information systems, the emergence of big data in healthcare, improved device accuracy and connectivity, and increasing penetration of connected devices in healthcare.
As per the scope of this report, the term Internet of things (IoT) in healthcare system includes every device that is connected to the internet for a wide range of applications, such as tracking patients or equipment, collecting data, and analyzing the received data.
Component | |||||
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Systems and Software | |||||
Services |
Application | |
Telemedicine | |
Clinical Operations and Workflow Management | |
Inpatient Monitoring | |
Medication Management | |
Other Applications |
End User | |
Hospitals | |
Clinical Research Organizations | |
Other End Users |
Geography | ||||||
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The Internet of things (IoT) in the healthcare market is moderately competitive and consists of several major players. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships that help them in strengthening their market position.
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Emergence of Big Data in Healthcare
4.2.2 Increased IT Adoption in the Healthcare Sector
4.2.3 Improved Device Accuracy and Connectivity
4.3 Market Restraints
4.3.1 Data Privacy and Security Concerns
4.3.2 Requirement for High Initial Investments
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Component
5.1.1 Medical Devices
5.1.1.1 Wearable External Medical Devices
5.1.1.2 Implanted Medical Devices
5.1.1.3 Stationary Medical Devices
5.1.2 Systems and Software
5.1.3 Services
5.2 Application
5.2.1 Telemedicine
5.2.2 Clinical Operations and Workflow Management
5.2.3 Inpatient Monitoring
5.2.4 Medication Management
5.2.5 Other Applications
5.3 End User
5.3.1 Hospitals
5.3.2 Clinical Research Organizations
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 Latin America
5.4.4.2 Middle-East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Koninklijke Philips NV
6.1.3 Cisco Systems
6.1.4 International Business Machines Corporation
6.1.5 GE Healthcare
6.1.6 Microsoft Corporation
6.1.7 SAP SE
6.1.8 Capsule Technologies, Inc.
6.1.9 Resideo Technologies, Inc.
6.1.10 Stanley Healthcare
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments